The Board of Directors (the "Board") of each of the above Companies wishes to announce that Silje Christine Augustson has resigned from the Board of each Company with effect from December 31, 2011. In addition, with effect from July 13, 2012 Guido Braem has been appointed to the Board of each Company.

For the last five years, Mr. Braem has been an independent financial investor with focus in Project Finance and Venture Capital and Real Estate Property Development. He has worked in the financial industry for approximately fifteen years.

A memorandum detailing the names of all the companies and partnerships of which Guido Braem has been director or partner at any time in the previous five years, together with an indication of whether or not he is still a director or partner, is available for inspection at the office of NCB Stockbrokers Limited, 3 George's Dock, Dublin 1, upon request.

Save as disclosed herein, no further information is required to be disclosed in relation to Guido Braem under the Irish Stock Exchange's listing requirements for investment funds.

Guido Braem has been appointed as an independent director of the Company.

The delay in notifying this change to the Irish Stock Exchange is due to an oversight of an administrative nature.

Enquiries:

NCB Stockbrokers Limited

Margot McDonagh

Phone: +353 1 611 5907

This announcement has been issued through the Companies Announcement Service of